B-Scada Files 10Q, Shows Continued Growth Thursday, March 7, 2013
B-Scada Inc.(OTCQB:MOBS) has filed its 10Q for the quarter ending January 31, 2013. We continue to implement our strategic goals to increase revenue from the sales of our products and services. In the first quarter of fiscal 2013, revenues were consistent with those of the comparative 2012 fiscal quarter. However, we signed multi-year license and support fee agreements effective January 1st that in total will be in excess of $2 million dollars over the initial seven year term of the agreements. Within the first quarter we have also increased our global network by adding resellers in India and Indonesia.
CEO Ron DeSerranno cites 2012 as a 'solid year for B-Scada' and anticipates continued growth in 2013 with the upcoming release of Status Enterprise, our next generation SCADA (Supervisory Control and Data Acquisition) system.
B-Scada's revenue is generated from two sources, through retail sales of our HMI (Human Machine Interface) and SCADA software products and through licensing of technology to other companies for use in the products they produce. B-Scada has developed its own Industrial Control and Monitoring solutions over the past five years. 'Status' is a powerful SCADA software program capable of connecting to real time industrial data and displaying the information in real time to operators, maintenance personnel and supervisors. B-Scada has attracted a number of resellers and system integrators that are now promoting and using 'Status' in commercial settings. 'Status' is now being used to monitor one of the largest subway systems in the world. It is monitoring HVAC performance in pharmaceutical manufacturing facilities in China, railways in Italy, and used in numerous vertical markets in the United States including electricity generation, waste water and EPA monitoring.